Aramco Signs Deals With U.S. Companies With Potential Value of $90 Billion
Aramco signed 34 memoranda of understanding and agreements with major companies such as Exxon Mobil, Nvidia and Amazon.com.
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Oil Futures Snap Winning Streak as U.S. Stocks Build
Crude futures settled lower after four straight sessions of gains, with the market seeing a bearish tilt in an inventory build and OPEC keeping its demand growth estimates unchanged while returning barrels to the market at an accelerated pace.
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U.S. Crude Oil Supplies Rise Unexpectedly
U.S. crude oil inventories posted an unexpected build last week, while product stocks fell amid higher demand, according to data from the U.S. Energy Information Administration
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OPEC Signals Cautious Optimism on Trade, Holds Oil Demand Forecast
The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast steady as it prepares to accelerate production.
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Prime Minister Carney Says Canada Can Emerge As Energy Superpower
Canadian Prime Minister Mark Carney said he’s willing to amend federal rules that may pose headwinds toward getting energy projects built and capitalize on the country’s abundance of natural resources.
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Woodside Suggests Aramco Could Join Louisiana LNG Project
Woodside Energy floated the possibility of Saudi Arabian Oil Co., known as Aramco, buying a stake in its newly approved Louisiana LNG project after signing a collaboration agreement with the giant producer.
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Shell Faces Fresh Legal Challenge Over Development of New Oil and Gas Fields
Dutch environmental group Milieudefensie said that by developing new fields, the oil and gas giant is in breach of its legal duties to cut carbon emissions.
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Energy & Utilities Roundup: Market Talk
Find insight on Aramco, hydrogen tax credits, oil futures and more in the latest Market Talks covering Energy and Utilities.
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Republicans Push for Surge in Geothermal Energy on Federal Land
To boost the industry, lawmakers want to speed up the time it takes for businesses to secure permits.
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Elliott Wins Backing From Proxy Advisers in Phillips 66 Boardroom Battle
The activist investor won support from influential proxy advisory firm ISS.
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NRG Buys 18 Natural-Gas Power Plants in Bet on Soaring Energy Demand
The roughly $12 billion acquisition would double the company’s generation capacity to about 25 gigawatts.
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How Trump’s Middle East visit to push OPEC+ for more oil could end up hurting U.S. producers
The major oil producers known as OPEC+ did exactly what U.S. President Donald Trump has been asking for — and American producers may be the ones to soon pay the price.
(END) Dow Jones Newswires
May 14, 2025 16:00 ET (20:00 GMT)
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